Mount Vernon, NY The Oak & Avery Group completed the sale of an 18-unit multifamily building located at 4 West 4^th St. 

The sale price was $2.195 million.

Anthony Watkins, president, and David Algarin, vice president, represented both the sellers, NYC-based ABC Management Corp. and the buyers, Joseph Stein/4 W 4, LLC, in the transaction.

“The sale represents continued interest and investment in rent-stabilized assets, despite last year’s stymying laws. The in-place cap rate and a predominantly preferential rent roll made for a very fair deal for both parties.”

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